Tag: gas pipeline

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Global Energy Stategic Resources

South Asia

SOUTH ASIA

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  • PAKISTAN: Pakistan and Russia have signed a revised deal for laying the Pakistan Stream Gas Pipeline (formerly known as the North South Gas Pipeline).

SOURCE: TRIBUNE

 

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Global Energy Stategic Resources

Europe

EUROPE

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  • NORD STREAM 2: Sanctions that could hinder one of Russia’s most important projects in Europe, the Nord Stream 2 natural gas pipeline, have been included in the annual U.S. defense policy bill. The Trump administration and lawmakers from both parties believe the pipeline would strengthen President Vladimir Putin’s economic and political influence over Europe. The Trump administration also supports boosting exports of liquefied natural gas to Europe.

SOURCE: HARTENERGY

 

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Asia Pacific

ASIA PACIFIC

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  • CHINA: China plans to further increase oil and gas exploration and accelerate the construction of more oil and gas storage infrastructure. Meanwhile, China is set to increase its natural gas imports from Russia as Russian gas giant Gazprom has started constructing the extension of its gas pipeline to China.

SOURCE: RT

 

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Europe

EUROPE

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  • NORD STREAM 2: The U.S. is broadening the sanctions against service providers and those funding vessels involved in the construction of Nord Stream 2 in a fresh attempt to prevent the Russia-led gas pipeline project from completing.

SOURCE: OIL PRICE

 

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Geopolitical conflicts

Europe (Nord Stream 2)

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  • US Senators have threatened Mukran Port in Germany, involved in the Nord Stream 2 project with “financial destruction”, if they continue their work on the venture. The Nord Stream 2 project is set to carry gas from Russia to Germany, passing through the territorial waters or exclusive economic zones of Denmark, Finland, Germany, Russia and Sweden.

SOURCE: SPUTNIK https://sputniknews.com/world/202008061080085646-us-senators-reportedly-threaten-german-port-operator-with-financial-destruction-over-nord-stream-2/

 

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Geopolitical conflicts

MEDITERRANEAN SEA REGION

MEDITERRANEAN SEA REGION:

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  • Tension easing in East Med. Turkey has reduced the number of navy vessels in an area of the East Mediterranean where it disputes Greek jurisdiction over oil-and-gas drilling rights. Both are ready to enter negotiations.

SOURCE: DW                                     https://www.dw.com/en/greece-says-tension-easing-in-east-med-dispute-with-turkey/a-54340929

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Europe

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NORD STREAM 2:

  • The US House of Representatives approved an amendment to the National Defense Authorization Act, meant to expand US sanctions on companies involved in installing Russia’s Nord Stream 2 gas pipeline.

SOURCE: GEOPOLITICS NEWS https://geopolitics.news/euroasia/very-serious-threats-us-reportedly-ramps-up-pressure-on-nord-stream-2-contractors/

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Global Geopolitic Newsletter

MEDITERRANEAN SEA REGION:

  • Israel ratified the agreement – with Greece and Cyprus– of the EastMed pipeline, set to export gas to the EU. However, the Jewish state will need to overcome a number of challenges, including Turkey’s opposition to the project and a legal battle with Lebanon over the maritime borders. Ankara has long objected to the EastMed deal.

 SOURCE: SPUTNIK https://sputniknews.com/analysis/202007221079953455-israel-eyes-profit-potential-of-gas-deal-but-still-needs-to-overcome-hurdles-expert-claims/

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  • The Russian Foreign Ministry announced that the Bulgarian section of the TurkStream natural gas pipeline from Russia, known as Balkan Stream, is set to be completed as scheduled (by January 1 2021), despite USA sanctions on companies involved in Russian energy projects. The route goes through Bulgaria, Serbia and Hungary to deliver gas to the European consumers.

SOURCE: RT                                     https://www.rt.com/business/495598-bulgaria-continues-turkstream-construction/

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EUROPE:

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NORD STREAM 2:
  • US expanded sanctions against Nord Stream 2 (that includes the construction of two pipelines from the coast of Russia through the Baltic Sea to Germany). Will directly affect more than 120 companies from over 12 European countries and will block about 700 mln euro of investments for completing construction of the pipeline. The sanctions seem to be designed to increase the supply of more expensive American LNG to Europe.

  • Germany is preparing to strike back if the US introduces additional sanctions against the Nord Stream 2 gas pipeline. 

SOURCE: GEOPOLITICS NEWS   https://geopolitics.news/anglo-america/new-us-sanctions-to-block-700-mln-euro-for-nord-stream-2-completion/

https://geopolitics.news/euroasia/nord-stream-2-undermines-nato-unity/

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